Trump Open to Sending Prisoners to El Salvador
El Salvador offered last week to take custody of US prisoners and house them in its mega-prison for a fee, a proposal that President Donald Trump and Elon Musk not surprisingly welcomed. “We are willing to take in only convicted criminals (including convicted US citizens) into our mega-prison (CECOT) in exchange for a fee,” Bukele […]
Why Does Coinbase CEO Brian Armstrong Want CFPB Gone?
Coinbase (NASDAQ: COIN) CEO Brian Armstrong has turned his ire on the Consumer Financial Protection Bureau, denouncing the agency as unconstitutional and insisted it should be “deleted,” echoing Elon Musk’s similar calls for the CFPB’s demise. Armstrong’s message—“The CFPB is unconstitutional on the face of it”—stands in stark contrast to the community notes accompanying his […]
Is Trump Targeting The Treasury Next?
Recent remarks by President Donald Trump suggest that he—joined by Elon Musk’s government efficiency team—had discovered “irregularities in US treasuries,” implying that his administration might consider “disregarding some” of its debt obligations. The remarks were reportedly said while Trump was on Air Force One en route to the Super Bowl. “Maybe we have less debt […]
Former Top Bureaucrat Calls for Aggressive Public Service Cuts In Canada
Canada’s former top civil servant called current workforce reduction plans inadequate for trimming the country’s 370,000-strong federal bureaucracy. Michael Wernick, who led Canada’s civil service as Privy Council clerk from 2016 to 2019, rejected both Liberal and Conservative proposals to reduce staff through attrition. “Attrition is the worst way to get to a smaller, leaner […]
Federal Judge Forces Coinbase to Confront Broker-Dealer Allegations
Coinbase (NASDAQ: COIN) is facing mounting legal pressure over allegations that it illegally offered and sold digital tokens that qualify as securities. A federal judge in Manhattan recently ruled that Coinbase must answer claims from customers who say the company failed to register as a broker-dealer. District Judge Paul Engelmayer determined that Coinbase could not […]
Danish Group Wants To Buy California In Response To Trump’s Greenland Bid
A Danish activist group known as Denmarkification is causing a stir with its tongue-in-cheek proposal to purchase the state of California from the United States for $1 trillion. The idea emerged in response to former President Donald Trump’s own suggestion of acquiring Greenland, an autonomous Danish territory. Organizers point to warm weather, palm trees, and […]
Canadian Copper Sees Positive Results From Early Metallurgical Testwork
Positive results were released this morning from an ongoing metallurgical testwork program being conducted by Canadian Copper (CSE: CCI). The study is being conducted in advance of a preliminary economic statement that is to be released later this year.
Goliath Hits 12.03 g/t Gold Equivalent Over Ten Metres, Discovers Five Stacked Gold Veins
Goliath Resources (TSXV: GOT) is reporting further discoveries at its Surebet project in the Golden Triangle of British Columbia. The results come from the firms 2024 drill program at the Golddigger property, for which there are still several outstanding assay results. Highlights from the results include: The highlight hole from the results, GD-22-58, has been […]
TD Bank To Sell 10.1% Interest In Charles Schwab, Spend C$8 Billion On Share Buyback Program
TD Bank Group (TSX: TD) is walking away from its investment in Charles Schwab (NYSE: SCHW). The company this morning announced that it will be selling its entire interest in the US based bank via a secondary offering and stock buyback program being conducted by Charles Schwab. The divestment is said to be part of […]
Porsche Shifts Back to Gas Engines as EV Sales Slump
Porsche AG will invest €800 million ($831 million) in gasoline and hybrid vehicles, triggering a sharp decline last week as the luxury carmaker retreats from its electric strategy. Executives told investors the shift to traditional engines will cut profit margins to 10-12%, far below Porsche’s 20% target. The company aims to boost revenue to €37-39 […]